Will Bank of America Raise Its Dividend in 2018?

Will Bank of America Raise Its Dividend in 2018?

The financial industry went to the brink of extinction in 2008, and Bank of America (NYSE: BAC) was one of the most dramatically affected banking institutions during the crisis. B of A has done an excellent job of recovering from its near-disaster, but even after seeing its shares jump nearly 30% so far in 2017, the bank still has a long way to go before its stock will get back to where it traded in the mid-2000s. It took an especially hard hit during the financial crisis in 2008, and has taken longer than some of its big-bank rivals to rebound fully from the crushing blow the stock suffered after the end of the housing boom in the mid-2000s.

Dividends are an area in which it has taken Bank of America even longer to recover. Yet with B of A having delivered a huge dividend increase earlier this year, investors are increasingly optimistic that future hikes are not only likely but inevitable. Below, we'll take a closer look at whether Bank of America will raise its dividend in 2017.

Current Quarterly Dividend Per Share

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Source: Fool.com